Consumer and SME focused lender InCred has issued secured Non-Convertible-Debentures (NCDs) worth Rs 15 crore. The company has issued 150 NCDs of Rs 10,00,000 each for the same and allottees will have the option of retaining over subscription of Rs 20 crore. Aditya Jain, Saumya Mittal, and Fairmount Healthcare, among others, have participated in the debt round.
Founded by Bhupinder Singh, InCred offers loans to businesses as well as consumers. Previously, it had raised $58 million led by NDFC in April 2019. (Source-MCA)
